African Business News

Foreign investors to promote Dar es Salaam Stock Exchange (DSE) activities

The DSE report has shown that foreign investors injected ninety five.3 per cent of the full worth of shares whereas their native counterparts bought solely four.7 per cent of the worth of bought shares.


Reduced price of petroleum products pushed down taxi fares in Dar e Salaam

Energy and Water Utilities Regulatory Authority (EWURA) declared fuel price cut based on droping of global prices. It has been reported that for Dar e Salaam, petrol price dropped by 141/- per liter, diesel 212/- per liter and kerosene by 167/- a liter.


This reduced prices of petroleum products has also reduced the taxi fares in some parts of Dar e Salaam city.


Implementation of Reliable Water Service to 16 villages in Tanzania

CHRONIC water shortage in 16 villages of Chamwino District will soon be a thing of the past after the government teaming up with Innovation Africa, a nonprofit organisation, carries out implementation of a number of water projects in the area.


Economy of Uganda is expected to grow strongly in medium term with or without first oil production

At first, the government projected that the first commercial oil from the Albertine Graben would be produced in 2020. However, Eng Irene Muloni, Energy Minister, stated that "the 2020 timeline would be taken ahead to 2020 as the joint venture partners Total.


Muloni further said that, "the final investment decision could be made in the first quarter of 2019 and the first oil in 2022."


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